I know we are all going for the gains in memecoins, so I currently have these two, which can possibly give me some gains. And $BABYDRAGON is one of the memecoin I'm looking out for most, since it has some momentum and is about to be introduced to platforms like Bitget market, with potential opportunity for an uptrend.
You guys can also give me suggestions on memecoins, like what key factors should I consider before investing in it?
If so, don't trade it. However, everyone needs market analysis too, at first glance it looks strong but this coin is still very young on the market and its fundamentals have not been measured. In my opinion, $BABYDRAGON in terms of future returns if held for a long period of time is good if the price continues to rise, but the potential for a dump is also very high.
He looks so positive about the meme coins, so I don't think he will follow your advice of not trading it but the advice you gave is great for others who are thinking twice due to the huge risk that entails on them. Market analysis is a must but only if what we are talking about are the top cryptos because they still can recover. While majority of the meme coins will just dump to a point of no return.
A meme coin is a meme coin, and if you are not new in here, you will know what they are capable of. No, it's not what you think but I'm talking about how notorious they are on scamming their investors. So you are wrong with that when you say it's strong at first glance.